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s ACKNOWLEDGMENT OF UNDERSTANDING OF DEED OF TRUST WITH POWER OF SALE 86-106802 Husb gd an� Wit e The undersigned Borrower (s), na1 i a P h� emnth and 11x1" th K Niemoth . . un eratan (s sf the undersigned islare being asked to act as Trustor (s) in a proposed Trust Deed with Power of Sale wherein the Bank of Doniphan is Beneficiary, which Trust Deed will secure payment of a loan to be made by the Sank of Doniphan to the undersigned in the amount of SAxt T (See legal attached) 60,000 00 1, acknowledge (s): 1. Well understand that the document to be executed is a Trust Deed and not a mortgage. 2. Waff understand that the POWER OF SALE provided for in the Trust Deer+ provides me with sub- stantially different rights and obligations in the event of a default or breach of obligation than the rights and obligations provided me in a mortgage. . 3 signiing his acknowledgment first, before we areas asked o of he Deed of Trust. Sale, but we are Dated this --day of October , 19 S6 , at 5 o'clock p M. Trustor (Borrower) Trustor (Borrower) � Trust�(Brrower) er) '��t -- STA TE OF Nebraska-) ss: COUNTY OF HALL ) October 19-Ab_, The foregoing instrument was acknowledged before me this 21st day of by pavid F. N emoth and Judith K. Niemoth, Husband and Wife, _ - -p, -Sine Notary Public IiENEFFt ' + "'- ifu i H. wANITSCHKE ram& Ex% Feb. 27,190 A Tract of land comprising the South Four Hundred Forty -Two (442.0) feet of the East Half of the Southwest Quarter (EkSWi) of Section Twenty -Two (22), Township Ten (10) North, Range Nine (9) West of the 6th P.M., Hall County. Nebraska, excepting therefrom that part thereof convyed to the Pagee524 of the Deed eRecords rofk Book 71, at Hall County, Nebraska. i i i Notary Public My commission expires -- STATE OF_ COUNTY OF (TO BE USED IF TRUSTOR IS A PARTNERSHIP) SS. The foregoing acknowledgement was acknowledged before me on a partnership. Partner(s), on behalf of My commission expires__. Notary Public 19 , by